Kuala Lumpur: Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed mostly higher on Monday due to expectations of weaker output, said palm oil dealer David Ng. He noted that as demand for CPO increases, buyers are likely to compete for the limited supply, leading to an increase in prices.

According to BERNAMA News Agency, at the close, the February 2025 contract rose RM21 to RM4,509 per tonne, while the March 2025 contract remained stable at RM4,350 per tonne. Additionally, the April 2025 and June 2025 contracts edged up RM2 each to RM4,218 and RM4,054 per tonne, respectively. The May 2025 contract saw an increase of RM7 to RM4,117 per tonne, although the July 2025 contract slid by RM10 to RM4,015 per tonne.

Trading volume experienced a significant reduction, shrinking by more than half to 51,195 lots from 108,617 lots at Friday's close. Similarly, open interest decreased to 219,343 contracts from 222,762. The physical CPO price for February South climbed RM50 to RM4,600 per tonne.